PADULA FAMILY FOUNDATION

EIN: 203283863 501(c)(3) Philanthropy & Grantmaking

NORTH KINGSTOWN, RI

Total Revenue
$30,095
Total Expenses
$44,019
Total Assets
$715,481
Net Assets
$715,481
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
RI
Principal Officer
ELISA PADULA CARDONE
Phone
4015298355
Tax Period
2022-01-01 to 2022-12-31

PADULA FAMILY FOUNDATION, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $30K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO HELP PROVIDE FINANCIAL ASSISTANCE TO VARIOUS CHARITABLE ORGANIZATIONS IN RHODE ISLAND AND OTHER STATES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,150
Program Service Revenue $0
Investment Income $21,368
Other Revenue $-423
TOTAL REVENUE $30,095

Expense Breakdown

Grants Paid $40,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,019
Other Expenses $3,769
TOTAL EXPENSES $44,019

Year-over-Year Comparison

2022 2021 Change
Revenue $30,095 $58,898 -0.5%
Expenses $44,019 $45,237 0.0%
Net Income $-13,924 $13,661 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELISA PADULA CARDONE TREASURER 2.00
Officer
$0 $0 $0
CHRISTINE H PADULA SECRETARY 2.00
Officer
$0 $0 $0
JOSEPH J PADULA VICE PRESIDE 2.00
Officer
$0 $0 $0
ROBERT G PADULA PRESIDENT 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $30,095 $44,019 $715,481 $-13,924
2021 $58,898 $45,237 $803,561 $13,661
2020 $31,308 $44,000 $789,900 $-12,692
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